UBS Group upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY – Free Report) from a sell rating to a neutral rating in a research note issued to investors on Friday, Marketbeat Ratings reports.
Other research analysts also recently issued reports about the company. Citigroup raised AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Barclays initiated coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They issued an “equal weight” rating on the stock. Finally, Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on AB Volvo (publ)
AB Volvo (publ) Stock Performance
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. On average, analysts expect that AB Volvo will post 2.44 EPS for the current year.
AB Volvo (publ) Company Profile
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.
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